According to a recent report by Reuters, one of Britain’s largest manufacturer, Jaguar Land Rover, on Monday made it known that it had commenced testing of new software to be incorporated into new model vehicles such as the Jaguar F-PACE and the Range Rover Velar.

As per the report, the company says the goal of this project is to “achieve zero emissions, zero accidents, and zero congestions.”

New Project To Make Navigation Better and Reward Drivers

The project as announced is a project of Jaguar, a subsidiary of Tata Motors. Though there’s no particular timeline given the company is working hard to make sure it’s released as soon as possible.

Testing is currently ongoing at the Jaguar Land Rover software engineering facility based in Shannon, Ireland. After testing is over and the program is finally installed into proposed vehicles, drivers of these cars will be rewarded with MIOTA tokens as relevant data is gathered by these cars and sent to a general database where they are analyzed to improve navigational systems in these cars.

The program will feature a “smart wallet,” which enables drivers to accumulate their rewards – the MIOTA tokens – which can be used to settle toll fees, parking and charging costs for electric cars, among others.

Recent Events On IOTA

IOTA has had a lot on their sleeves lately with its numerous partnerships which have largely contributed to its strong ecosystem as we have it today.

IOTA had recently announced the launch of the IOTA Academy. This is in line with a partnership deal with the IOTA Academy in Shanghai and Berlin. This is said to improve knowledge about the blockchain, but most notably, IOTA.

Before that, IOTA had also made know its plans to enter an entirely new market – the North American market. This decision they say is to push the IOTA project across the Atlantic Ocean.

About IOTA

IOTA (MIOTA) is a cryptocurrency designed for IoT (Internet of Things).

IOTA aims to soon become decentralized, scalable, and modular. But most especially, it costs nothing in transaction fees to send and receive.

As at the time of writing, IOTA trades at $0.30 (30 cents) with a 13.49% gain in the past 24 hrs.

Market capitalization is currently at $852.77 million and has a circulating supply of 2.77 billion MIOTAs.

Related

I am Jide Idowu. A stay-at-home dad and a cryptocurrency enthusiast. I have had my hands on freelance writing for over five years, researching and writing guides, reviews, and latest cryptocurrency news for various blogs and individuals world over.

BlockchainReporter is a trusted name in the cryptocurrency and blockchain technology news space, keeping its readers abreast of the latest and most significant trends in the industry. Here at BlockchainReporter, our team of global writers is dedicated to providing price analysis on leading cryptocurrencies and covering the latest developments pertaining to bitcoin, altcoins, blockchain technology, and cryptocurrency regulations from around the world.